Rajoo Engineers Limited, a prominent player in the manufacturing industry, has taken a significant step towards expanding its market presence. The company announced that it has executed a Definitive Agreement to acquire an undisclosed entity in the manufacturing sector, specializing in machines for various industries.

Strategic Move for Inorganic Growth

The acquisition is part of Rajoo Engineers' inorganic growth strategy, aimed at strengthening its position in the market. By integrating the target company's capabilities, Rajoo Engineers expects to enhance its ability to offer end-to-end solutions across the value chain to its customers.

Key Details of the Agreement

• Transaction Type: The acquisition will be completed through cash consideration.
• Completion Timeline: The deal is expected to be finalized within 30 days of the agreement signing.
• Regulatory Approvals: No governmental or regulatory approvals are required for this transaction.
• Related Party Transaction: The company has confirmed that this is not a related party transaction.

Confidentiality and Future Disclosures

Due to confidentiality clauses in the agreement, several crucial details about the acquisition remain undisclosed at this time. These include:

• The name of the target entity
• The acquisition cost
• The percentage of shareholding to be acquired
• Background information about the target company

Rajoo Engineers has stated that these details will be revealed upon the completion of the transaction.

Impact on Rajoo Engineers

This strategic move is expected to have a positive impact on Rajoo Engineers' market position. The synergies arising from the acquisition are anticipated to strengthen the company's offerings and potentially expand its customer base.

Management's Perspective

While specific comments from the management were not provided, the decision to pursue this acquisition aligns with Rajoo Engineers' vision for growth and market expansion. The company's focus on offering comprehensive solutions across the value chain indicates a strategic approach to enhancing its competitive edge in the manufacturing sector.

Market Implications

As the details of the acquisition unfold in the coming weeks, industry observers and investors will be keenly watching how this move shapes Rajoo Engineers' future growth trajectory and market positioning.

Additional Corporate Update

In a separate development, Rajoo Engineers recently appointed Mr. Hasmukhlal Ambavibhai Manavadaria as a Non-Executive Independent Director for a term of five years, effective from June 17, 2025. This appointment, approved by shareholders through a postal ballot, brings additional expertise to the company's board, particularly in the field of agricultural machinery and equipment manufacturing.

Rajoo Engineers Limited , a prominent player in the Indian manufacturing sector, has successfully concluded its recent postal ballot process, marking a significant change in its board composition. The company's shareholders have shown overwhelming support for the appointment of Mr. Hasmukhlal Ambavibhai Manavadaria as a Non-Executive Independent Director.

Landslide Victory in Shareholder Voting

The special resolution for Mr. Manavadaria's appointment, which concluded on September 8, saw an impressive turnout with 107,997,290 votes cast, representing 60.44% of the company's outstanding shares. The results were decidedly in favor of the appointment:

This near-unanimous support underscores the shareholders' confidence in the board's decision and Mr. Manavadaria's potential contributions to the company.

New Director's Tenure and Background

Mr. Hasmukhlal Ambavibhai Manavadaria, initially appointed as an Additional Director by the Rajoo Engineers Board on June 17, will now serve a five-year term as an Independent Director. This appointment is in line with the company's commitment to maintaining a strong and diverse board of directors.

Compliance and Transparency

The postal ballot process was conducted with strict adherence to regulatory requirements. CS Nirav D. Vekariya served as the scrutinizer, ensuring the integrity and transparency of the voting process. The company had 56,742 shareholders on the record date of August 7, highlighting the broad base of investor participation in this crucial decision.

Implications for Rajoo Engineers

This appointment comes at a time when corporate governance and board independence are increasingly under the spotlight. The strong shareholder support for Mr. Manavadaria's appointment may be seen as a positive signal for Rajoo Engineers' commitment to these principles.

As Rajoo Engineers continues to navigate the competitive landscape of the manufacturing sector, the addition of Mr. Manavadaria to its board is expected to bring fresh perspectives and expertise to the company's strategic decision-making process.

The company has promptly disclosed the voting results and the scrutinizer's report, in compliance with regulatory requirements, demonstrating its commitment to transparency and shareholder communication.